Was there any hint as to why the party to the deal backed away?
nice to see a heavy weight take on jimmy ! go Hub!
Doesn't sound like a guy who'd join a company which is about to go bust tho...
Does anyone know (roughly) how long it will take to establish the field contains oil or nothing? presumably they will know fairly quickly if it contains nothing?? how long did it take for Dunquin?
i feel like they are a sacraficial lamb so to speak. the big boys gave them some change to drill druid. but im sure the big boys work for the big oilies.
get into production and get the cash coming in. in a few years if they mind the profits they could look to partner with someone else on druid. says a lot that they haven't gone this route.
surely they could afford to drill broe themselves now. instead of drilling in druid.